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Stablecoin issuer invested $200 million in to take a majority stake in the brain-to-computer interface startup.

The Salt Lake City-based company creates brain-to-computer interfaces and implants that allow people to control computers and neuroprosthetics. The company had only raised $10 million before the new round from Tether, , and聽values Blackrock Neurotech at about $350 million, .

The deal is the latest headline concerning brain-computer interface technology, which has been pushed by 鈥檚 . That company recently live-streamed a quadriplegic man playing video games using its implant. It has raised nearly $700 million, .

Investing in innovation

Tether鈥檚 investment in Blackrock Neurotech came from its recently launched Tether Evo arm, which is 鈥渄edicated to propelling humanity into a future where technology and human capabilities merge in unprecedented ways,鈥� per its .

鈥淏lackrock Neurotech is just the beginning of our journey through Tether Evo to venture into projects that redefine the boundaries of what鈥檚 possible at the intersection of technological innovation and human potential,鈥� , CEO of Tether. 鈥淭ether has long believed in nurturing emerging technologies that have transformative capabilities, and the brain-computer-interfaces of Blackrock Neurotech have the potential to open new realms of communication, rehabilitation and cognitive enhancement.鈥�

Tether is getting into investing after stockpiling earnings from its stash of U.S. Treasuries and other financial instruments it holds to back its USDT stablecoin, . USDT is designed to maintain a value of the U.S. dollar.

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